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The price of poultry cattle has stabilized for more than two weeks, according to the head of the poultry division of the Cairo Chamber of Commerce, Dr. Abdel Aziz Al-Sayed, as the price of a kilogram of white bird reached the 18 pounds from the farm.
Poultry prices today according to the Chamber of Commerce:
The head of the poultry division of the Cairo Chamber of Commerce, “Abdel Aziz Al-Sayed”, explained in his speech that the price of a kilo of white bird has witnessed stability for two weeks in a row, since the price per kilogram of white bird and farm delivery reached 18 pounds, while its consumer price reached 23 pounds in By region and transport costs are borne by the trader.
The head of the division added that the discrepancy between circulated and declared prices harms consumer interest, noting that tourism played an important role in the recovery of the poultry stock.
He pointed out that the price of a carton of eggs is 24 pounds from the farm, and its price to the consumer in stores and supermarkets ranges between 29 and 30 pounds.
Egypt Poultry Production:
Egypt produces about 1.6 billion birds each year, achieving self-sufficiency of citizens by 95%, according to statistics from the Chamber of Commerce on national wealth in Cairo.
“Abdulaziz Al-Sayed” addressed the state with the importance of establishing a stock exchange for poultry, in order to control the market and establish mechanisms that include fair prices for the consumer and the breeder, explaining the importance of the attention of the state to prevent the circulation of live birds and to stay in the real cost of the product, in order to establish a fair price. Before we get into the problem of traders leaving the market, continuing prices at that rate leads to large losses for traders, preventing them from speculating on the market.
Expectations of the poultry populations during the next period:
The head of the division commented on the expectations of the prices of the poultry stock during the next period, noting that it is difficult to anticipate the state of the poultry stock or to be certain that an increase or decrease in prices is anticipated, due to the impossibility to expect an improvement in global economic indicators or a decrease and increase in Purchasing Power, as it is not determined until after the coronavirus pandemic ends.
“Abdul Aziz Al-Sayed” added that price stability is not in the interest of the breeder, especially in light of rising feed prices, noting that the market will see the departure of several traders during the next period. , if prices continue at that rate, indicating that the fair price is for the breeder. The value of 24 pounds, where the actual cost is approximately 22 pounds.
